{"id":838133,"date":"2025-04-16T10:25:58","date_gmt":"2025-04-16T14:25:58","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/vista-announces-the-acquisition-of-petronas-argentina\/"},"modified":"2025-04-16T10:25:58","modified_gmt":"2025-04-16T14:25:58","slug":"vista-announces-the-acquisition-of-petronas-argentina","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vista-announces-the-acquisition-of-petronas-argentina\/","title":{"rendered":"Vista announces the acquisition of Petronas Argentina"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n MEXICO CITY<\/span>
\n <\/span>, April 16, 2025<\/span><\/span> \/PRNewswire\/ — Vista Energy, S.A.B. de C.V. (“Vista”) (NYSE: VIST in the New York Stock Exchange; BMV: VISTA in the Mexican Stock Exchange) announced today that its subsidiary Vista Energy Argentina S.A.U (“Vista Argentina”) has acquired 100% of the capital stock of Petronas E&P Argentina S.A. (“PEPASA”), which holds a 50% working interest in La Amarga Chica unconventional concession (“LACh”), located in Vaca Muerta, Argentina<\/span>, from Petronas Carigali Canada B.V. and Petronas Carigali International E&P B.V. (jointly, the “Sellers”) (the “Transaction”). The purchase price is comprised of US$ 900 million<\/span> in cash, US$ 300 million<\/span> in deferred cash payments and 7,297,507 American Depositary Shares representing Vista’s series A shares (“ADSs”) paid to the Sellers and subject to lock-up restrictions that will expire (i) with respect to 50% of the ADSs on October 15, 2025<\/span>, and (ii) with respect to the remaining 50% of the ADSs on April 15, 2026<\/span>. The deferred cash payments will be paid 50% on April 15, 2029<\/span>, and 50% on April 15, 2030<\/span>, without accruing interest.<\/p>\n

LACh spans across 46,594 acres in the black oil window of Vaca Muerta. As of December 31, 2024<\/span>, it had 247 wells on production. In addition, as of December 31, 2023<\/span>, LACh had 280 million barrels of oil equivalent (“MMboe”) of P1 reserves according to the Argentine Secretary of Energy (at 100% working interest). During the fourth quarter of 2024, LACh produced 79,543 barrels of oil equivalent per day (“boe\/d”) at 100% working interest, of which 71,471 barrels per day (“bbl\/d”) were oil, according to the Argentine Secretary of Energy. Vista estimates LACh could potentially hold 400 new well locations to be drilled in its inventory (at 100% working interest).\u00a0The remaining 50% of LACh is held by YPF S.A. (“YPF”), which is the operator of the concession.<\/p>\n

Miguel Galuccio, Vista’s Chairman and CEO, commented, “With this acquisition we gain significant scale in Vaca Muerta with a premium block that has growing production and low operating costs, enabling the acceleration of our long-term plan and strengthening our free-cashflow profile. The acquisition both increases our profitability and enhances our portfolio of ready-to-drill locations in the core area of Vaca Muerta. Importantly, in the current global macro and oil price environment we are consolidating a high-margin, low-breakeven asset, with strong synergies with our ongoing operation, reflecting our constructive long-term view on crude oil demand and supply dynamics. I firmly believe this represents a unique opportunity to create long-term value for our shareholders.”<\/p>\n

\n Transaction highlights<\/b>\n <\/p>\n